Eric Afful, Chairman of Parliament’s Economic and Development Committee, is clear: the $214 million figure is a transactional cost, not a loss. This cost is part of the Ghana Gold Board’s (GoldBod) operations under the Gold-for-Reserves (G4R) program. Afful emphasizes that GoldBod hasn’t released its financial statements, making it premature to label this as a loss.
The Minority in Parliament disagrees, calling for a bipartisan investigation into alleged mismanagement. They’re pushing for transparency, including disclosure of fee structures, pricing formulas, and aggregator selection criteria. Concerns have also been raised about gold sourcing from forest reserves, prompting calls for stricter traceability measures.
